THOMAS J.P.J.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
THOMAS J.P.J.
Largest movements
- Cash -€14,601
down €14,601 (-17.0%), from €85,858 to €71,257
mainly Stocks and contracts (-€14,418) and Accrued charges and deferred income (-€8,677)
- Stocks and contracts +€14,418
up €14,418 (+409%), from €3,525 to €17,943
- Receivables within one year -€5,396
down €5,396 (-31.5%), from €17,112 to €11,717
- Tangible fixed assets +€2,230
new in 2025: €2,230
- Accrued charges and deferred income -€8,677
no longer reported in 2025 (was €8,677)
- Advances received -€7,840
no longer reported in 2025 (was €7,840)
- Reserves +€5,000
up €5,000 (+12.7%), from €39,420 to €44,420
of which Distributable reserves: +€5,000
- Trade debts +€4,360
up €4,360 (+52.4%), from €8,318 to €12,678
- Profit (loss) carried forward +€2,180
up €2,180 (+10.0%), from €21,816 to €23,996
- Gross operating margin +€2,583
up €2,583 (+29.1%), from €8,884 to €11,466
- Taxes +€617
up €617 (+23.9%), from €2,587 to €3,204
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,996 | €104,707 | -€3,288 | -3.0% |
| Fixed assets | 21/28 | - | €2,230 | +€2,230 | |
| Tangible fixed assets | 22/27 | - | €2,230 | +€2,230 | |
| Furniture and vehicles | 24 | - | €2,230 | +€2,230 | |
| Current assets | 29/58 | €107,996 | €102,477 | -€5,518 | -5.1% |
| Stocks and contracts in progress | 3 | €3,525 | €17,943 | +€14,418 | +409% |
| Stocks | 30/36 | €3,525 | €17,943 | +€14,418 | +409% |
| Amounts receivable within one year | 40/41 | €17,112 | €11,717 | -€5,396 | -31.5% |
| Trade receivables | 40 | €17,112 | €11,717 | -€5,396 | -31.5% |
| Cash at bank and in hand | 54/58 | €85,858 | €71,257 | -€14,601 | -17.0% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,561 | +€61 | +4.0% |
| Total equity and liabilities | 10/49 | €107,996 | €104,707 | -€3,288 | -3.0% |
| Equity | 10/15 | €81,236 | €88,416 | +€7,180 | +8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €39,420 | €44,420 | +€5,000 | +12.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €37,420 | €42,420 | +€5,000 | +13.4% |
| Profit (loss) carried forward | 14 | €21,816 | €23,996 | +€2,180 | +10.0% |
| Amounts payable | 17/49 | €26,760 | €16,291 | -€10,468 | -39.1% |
| Amounts payable within one year | 42/48 | €18,083 | €16,291 | -€1,791 | -9.9% |
| Trade debts | 44 | €8,318 | €12,678 | +€4,360 | +52.4% |
| Suppliers | 440/4 | €8,318 | €12,678 | +€4,360 | +52.4% |
| Advances received on contracts in progress | 46 | €7,840 | - | -€7,840 | |
| Taxes, remuneration and social security | 45 | €1,808 | €2,907 | +€1,099 | +60.8% |
| Taxes | 450/3 | €1,808 | €2,907 | +€1,099 | +60.8% |
| Other amounts payable | 47/48 | €117 | €706 | +€589 | +504% |
| Accrued charges and deferred income | 492/3 | €8,677 | - | -€8,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €59 | +€59 | |
| Other operating charges | 640/8 | €936 | €970 | +€34 | +3.6% |
| Gross operating margin | 9900 | €8,884 | €11,466 | +€2,583 | +29.1% |
| Operating profit (loss) | 9901 | €7,947 | €10,438 | +€2,490 | +31.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €56 | €54 | -€1 | -2.7% |
| Recurring financial charges | 65 | €56 | €54 | -€1 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €7,892 | €10,384 | +€2,492 | +31.6% |
| Income taxes | 67/77 | €2,587 | €3,204 | +€617 | +23.9% |
| Profit (loss) for the period | 9904 | €5,305 | €7,180 | +€1,875 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,305 | €7,180 | +€1,875 | +35.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.